FDI commitments in the January – October period totaled US$29.11 billion, up 4.3% year-on-year.

![]() Illustrative photo.
|
Year to October 20, 3,094 new projects have been approved with total commitments of US$12.83 billion, up 25.9% in number of projects and down 14.6% in capital year-on-year, while 1,145 existing projects have been injected an additional US$5.47 billion, up 20% in projects and down 16.4% in capital.
During this period, 7,509 projects have had US$10.81 billion in capital contributed by foreign investors, up 70.5% year-on-year and accounting for 37.1% of total registered capital.
Investors have poured money into 19 fields and sectors, in which manufacturing and processing continued to attract substantial attention with investment capital of US$18.83 billion, or 68.1% of the total registered capital, followed by real estate with US$2.98 billion or 10.2% of the total, and retail and wholesale, science and technologies.
The data shows that out of 107 countries and territories investing in Vietnam in the ten-month period, Hong Kong (China) took the lead with US$6.45 billion. South Korea came second with US$5.52 billion while the third place belonged to Singapore with US$4.21 billion, or 14.5%.
Notably, investment capital from Hong Kong and mainland China to Vietnam has been on a growing trend year-on-year, mainly thanks to the impact from US – China trade war. FDI from China increased by 2-fold and from Hong Kong 3.94-fold year-on-year.
Among 60 cities and provinces having received FDI in the first ten months this year, Hanoi has attracted the largest portion of capital commitments with over US$6.61 billion, accounting for 22.7% of total investment in the period.
Ho Chi Minh City came second with US$4.96 billion or 17% of the total investment, followed by Binh Duong, Dong Nai, Bac Ninh.
Some of the big-ticket projects in the January – October period include a smart city project in Hanoi with registered capital of US$4.14 billion; US$1.2 billion polypropylene (PP) manufacturing plant in Ba Ria – Vung Tau; US$3.85 billion in capital contribution from Hong Kong-based Beerco Limited to Vietnam Beverage for a beer project in Hanoi; an injection of an additional US$410 million to LG Display Hai Phong; the US$260-million electronic manufacturing plant by Goertek (Hong Kong) located in Bac Ninh province; tire manufacturing plant worth US$280 million from a Chinese investor in Tay Ninh province and a similar project worth US$214.4 million financed by Guizhou Advance Type Investment (China) in Tien Giang province; and a solar power project worth US$216.7 million from Thailand’s investors in Phu Yen province.
Other News
- Vietnam moves up 12 places in EIU’s business environment ranking
- High value investment takes Vietnam to the next level of qualitative growth: HSBC
- Vietnamese Gov’t aims to approve North-South express railway project by 2025
- US-based infrastructure investment fund promises US$1 billion for Vietnam
- Prime Minister calls for Metro No. 1 project to be completed by September
- The significance of Vietnam for US businesses and why they should take notice: Standard Chartered
- UK-funded CFA to support nine low-carbon projects in Vietnam
- Vietnam ready upgrade US ties on 10th anniversary of comprehensive partnership
- Largest-ever US business delegation seeks investment opportunities in Vietnam
- Vietnam well positioned as FDI destination: Experts
Trending
-
Hanoi Times Weekly Podcast
-
Vietnam News Highlights for June 2, 2023
-
Summer Online Safety Playground gives self-protection skills to children in Hanoi
-
Vietnamese Government urged to ban e-cigarettes
-
Vietnam’s Reunification Express named world’s most incredible rail journey: Lonely Planet
-
First Vietnamese forced laborers return from the Philippines
-
Franco-Vietnamese Filmmaker wins Best Director at Cannes 2023
-
Hanoi emerges major luxury brand destination in Southeast Asia
-
Two new suburban tourist spots diversify Hanoi’s travel options